Just days after adding Dubai based FX industry executive Mohamad Ibrahim as new group CEO, Australia/Cyprus based Retail FX and CFDs broker XS.com has made another MENA-centric hire, announcing that Ahmed Negm will be joining as Head of Market Research for the Middle East and North Africa (MENA) region.

We had exclusively reported in mid 2021 that Ahmed Negm, who is based out of Cairo and has been one of the more popular Arabic language research analysts over the past 10 years, had left Orbex and joined FBS. Prior to joining FBS Mr. Negm worked at One Financial Markets, Earnex DMCC, Admiral Markets, and Falcon Brokers, dating back to 2012.

Mohamad Ibrahim, Group Chief Executive Officer (CEO) at XS.com commented on the new hire:

“We are thrilled to welcome Ahmed Negm our new Head of Market Research for the MENA region to the team. Ahmed’s expertise and passion for understanding the intricacies of the financial markets will be invaluable as we continue to grow our client base and expand into new jurisdictions. I’m confident that through his longstanding industry experience and deep knowledge of the financial markets his addition to the company will bring fresh perspectives and drive our success in the industry.”

Ahmed Negm, XS.com’s new Head of Market Research for the MENA region commented on his new position:

“I am excited to be joining XS.com – a dynamic and innovative company – as their Head of Market Research for the MENA region. I am eager to bring my expertise and knowledge to the team and help drive the company’s success in the industry. I am looking forward to collaborating with my new colleagues and using my skills to help support XS.com’s retail and institutional traders with their investment decisions whilst they navigate the ever-changing market landscape. This is a new chapter, and I am eager to see what the future holds.”

The XS Group (operating under brand name “XS” or “XS.com”) is a multinational FinTech and financial services provider with entities regulated and authorized in various jurisdictions around the globe including ASIC (Australia), CySEC (Cyprus), and the FSA (Seychelles). Established in Australia in 2010, XS Group is today headquartered in Cyprus with offices in different countries worldwide. The group also operates the Tradevo brand (tradevo.eu).